# PPP loan: ULTIMATE TRAINING MUNITIONS, INC.
> **$233K** approved 04/15/2020 · Paid in Full · Loan `8898787105`
## Borrower
- **Name:** ULTIMATE TRAINING MUNITIONS, INC.
- **Address:** 55 Readington Rd 0.0, North Branch, NJ, 08876-3542
- **NAICS:** 332992
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $213K
- **Health care:** $20K
- **Jobs reported:** 12
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*